News Roundup & Comment

Below is a brief look at some of the stories that Jim presented for listeners this week:

--Silicon Valley Bank's focus on woke economics rather than its core mission likely led to its collapse, but the moray of federal regulations that are available should have helped prevent that from happening said Florida Governor Ron DeSantis.

--In an extraordinary action to restore confidence in the banking system, last Sunday the Biden administration guaranteed that customers of the failed Silicon Valley Bank will have access to all their money (starting this past Monday.)

--SVB Financial Group filed for Chapter 11 bankruptcy protection in a New York court after Silicon Valley Bank collapsed last week upending the world of tech start-ups.

--The Biden administration received a 3 million dollar wire transfer from a Chinese energy company and subsequent payments after President Biden left the vice-presidency in 2017.

--Republican Representative James Comer revealed on Thursday that President Biden's former daughter-in-law (Hallie Biden) received tens of thousands of dollars from a Chinese energy firm in 2017.

--A crowd of migrants estimated at about 1,000 strong attempted to rush a border crossing in El Paso, Texas on Sunday.

--The U.S. Border Patrol chief told lawmakers on Wednesday that the agency does not have operational control of the border.

--Asylum claim appointments for migrants that are apprehended at the southern border are booked through the year 2032.

--The Texas Senate passed a bill that would consider fentanyl poisoning as murder for reasons related to both prosecution and death certificates.